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Shifting Your Retirement Plan from the U.S. to Canada

Chris Gandhu, High Net Worth Planner, TD Wealth, discusses whether you should transfer your IRA or 401k to an RSP.... ( read more ) LEARN MORE ABOUT: IRA Accounts CONVERTING IRA TO GOLD: Gold IRA Account CONVERTING IRA TO SILVER: Silver IRA Account REVEALED: Best Gold Backed IRA Moving Your U.S. Retirement Plan To Canada Many people dream of retiring in Canada for its scenic beauty, friendly people, and high standard of living. As a U.S. citizen, you may have accumulated retirement savings in a 401(k) or IRA account. If you plan to move permanently or temporarily to Canada, you may want to consider moving your U.S. retirement plan as well. Here are some key things to know about moving your U.S. retirement savings to Canada: 1. Eligibility - Not all U.S. retirement plans can be moved to Canada. You need to have a qualifying RRSP account, which is similar to a 401(k) or IRA. Talk to a tax or financial advisor to see if your plan is eligible for transfe